Launch of 0% financing scheme with Samsung in the UK
Samsung Introduces Flexible Leasing Option for B2B Printers
2nd June 2009, Chertsey, Surrey – Samsung Electronics Co., Ltd., a leading brand in the world of consumer electronics and information technology, today announced the introduction of a 0% interest finance programme for products from its B2B printing product portfolio. The programme offers competitively priced and flexible leasing terms for Samsung printers, making the latest technology more accessible and affordable to its business customers. The offer is available via participating Samsung resellers in the United Kingdom and Ireland from 1st June 2009, and will later be rolled out to other countries in Europe.
In today’s market conditions, the advantages of acquiring the latest printing technology through a leasing agreement have never been more compelling. From a pure financial perspective, leasing maintains a business’ cash reserves for longer-term strategic investments. It also provides predictable and simple budgeting, as there is one regular payment to make throughout the period of the agreement. There is no interest to pay on loans or overdrafts and in many countries, leasing offers tax advantages over equipment ownership.
To drive competitive advantage, with leasing means businesses are able to acquire better specified technology than they might be able to afford to buy outright. The added flexibility of being a ‘user’ rather than an ‘owner’ reduces exposure to obsolete technology and depreciating assets. At the end of the lease period, companies can choose to upgrade the infrastructure, continue with the existing agreement, or to buy it outright subject to a small final fee.
“Printing represents the largest proportion of IT spend and is a business process that companies often seek to address as part of a wider cost reduction exercise,” said
The finance programme is offered through a strategic partnership with De Lage Landen (DLL). DLL , part of the Rabobank Group, is a global provider of leasing, business and consumer finance solutions with a proven track record in the IT sector.
The offer, which is valid until 31st May 2010, is available for printers from Samsung’s B2B product portfolio. To see the available products and full terms of the 0% finance programme, visit www.samsung.com/printerfinance.
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About De Lage Landen
De Lage Landen is a global provider of high-quality asset-based financing products. Headquartered in Eindhoven (the Netherlands), De Lage Landen is 100% owned by Rabobank. This Dutch bank is Triple-A rated by the major rating agencies Moody’s and Standard & Poor’s.
With offices and joint ventures in more than 35 countries worldwide, De Lage Landen specializes in asset financing and vendor finance programs on a worldwide scale. The global offering also includes an array of commercial finance solutions. The company focuses on the following industries: Food & Agriculture, Healthcare, Office Equipment, Technology Finance, Financial Institutions, Transportation and Construction & Industrial. De Lage Landen also offers private-label leasing programs for the Banking industry, and delivers a broad range of financial services to leasing organizations and non-banking financial institutions.
In 2008 De Lage Landen achieved a net profit of €235 million and a lease portfolio of €23.3 billion. By year end 2008, De Lage Landen had 4,965 employees. For more information, please visit our website: www.delagelanden.com.
About Samsung Electronics
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2008 consolidated sales of US$96 billion. Employing approximately 150,000 people in 134 offices in 62 countries, the company consists of two business units: Digital Media & Communications and Device Solutions. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.com.
